Trump’s Ire Fuels New York Times Rally as Digital Plan Gains Traction
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New York Times Co. stock reached a 1-1/2-year high as the newspaper seized the opportunity of Donald Trump’s presidential election to show investors its digital might.
Times Co. added 276,000 new digital news subscribers in the fourth quarter, the most since the company started offering the paper digital-only in 2011. It’s on pace to shatter that record in the first quarter, having already reached the 200,000 mark.